Nio delivered 20,797 new vehicles in February, marking a 57.6% YoY increase

The Chinese electric vehicle (EV) maker achieved substantial year-on-year growth in February deliveries despite the widespread negative impact of the Chinese New Year holiday on production and deliveries across China's auto industry

The third-generation Nio ES8 EV Suv

Nio announced on Sunday that it delivered 20,797 new vehicles in February, a 57.6% year-on-year increase despite a 23.49% decline from January. The 2026 Spring Festival holiday fell in mid-to-late February, while last year it was primarily January. This caused seasonal weakness across the industry, with competitors' deliveries also broadly impacted. 

The Chinese New Year Holiday period typically weighs on both production and sales activity, making February one of the weakest months of the year. Furthermore, this year’s holiday is three days longer than 2025, marking the longest on record — according to China’s Passenger Car Association (CPCA) — and reducing the month to just 16 work days. 

The latest figures bring the company's cumulative deliveries to 1,045,571 units, underscoring its continued recovery and growth momentum in China's competitive premium new energy vehicle (NEV) segment. Within February's total deliveries, the Nio main brand contributed 15,159 units, up 65.80% year-on-year but down 27.45% from January. 

The third-generation ES8 delivered 11,260 units in February, accounting for 54.14% of the company's monthly deliveries, according to data released by Nio on Sunday. Within the Nio main brand deliveries of 15,159 units, this high-margin model represented a significant 74.28%, underscoring its pivotal role in the product portfolio. 

In the first two months of this year, cumulative deliveries of the all-new ES8 reached 28,918 units, accounting for 60.27% of Nio's total deliveries during the same period and 80.21% of the Nio main brand's deliveries. 

It's worth noting that ES8 deliveries in February fell 36.23% from January's 17,658 units, marking the second consecutive sequential decline. The model delivered a record 22,276 units in December 2025. 

To further boost spring sales momentum, Nio announced limited-time incentives for the all-new ES8 to attract more potential buyers. 

From now until March 31, customers who lock in orders for the new ES8 can enjoy a limited-time purchase tax subsidy of 10,000 yuan ($1,460) along with multiple additional benefits. These benefits include free access to the 5-year NOP+ (Navigate on Pilot Plus) driver assistance feature, and optional upgrades worth 2,980 yuan. 

For new ES8 owners who received delivery after January 1 this year but did not benefit from the purchase tax subsidy, Nio will also provide an additional 10,000 yuan worth of points as a gesture of appreciation. 

Furthermore, Nio has introduced a low-interest financing plan for the model with a term of up to 7 years and a down payment as low as 20%. 

Nio’s sub-brand Onvo delivered 2,981 vehicles in February, down 26.38% year-on-year and down 14.36% month-on-month. The Firefly sub-brand delivered 2,657 units in February, down 5.34% from January. 

The Onvo brand launched a purchase tax subsidy of up to 10,262 yuan, while the Firefly brand offered a 3,000 yuan optional equipment fund and a 2,000 yuan purchase tax subsidy. Models under the Onvo and Firefly brands are also eligible for the 7-year low-interest loans. 

Nio has recently opened its first multi-brand store in China, as it aims to increase brand awareness for its Onvo and Firefly sub-brands, while reducing fixed costs at the same time. 

Although Nio and Onvo are both set to launch new models this year — including the flagship Nio ES9 and the five-seat Onvo L80, both scheduled for an April unveiling — the Shanghai-based company has not announced any new models for its Firefly brand. 

Several brands have chosen to expand in Europe through hybrid models, which are not subject to the same tariffs as battery electric vehicles. Nio, however, pushed back on reports suggesting a hybrid version of the Firefly could be in development, and has since reaffirmed its commitment to a fully electric lineup.